The finance ministry on Thursday further extended the deadline to pay health and third party automobile insurance premiums, in line with the extension of the nationwide lockdown.
If a policyholder's insurance premium is due for renewal during the 40-day lockdown--March 25 to May 3--and they are unable to do so on time, such payments can be made by May 15. "With a view to mitigate hardship to policyholders whose health and motor (third party) insurance policies are due for renewal during the covid-19 lockdown, the government has issued notification allowing policyholders to make payments on or before 15.05.2020 towards renewal of their policies," finance minister Nirmala Sitharaman said on social networking website Twitter.